If the taxable estate is:

Not over $40,000 estate
Over $40,000 but not over $100,000
Over $100,000 but not over $200,000
Over $200,000 but not over $300,000
Over $300,000 but not over $500,000
Over $500,000

The tax shall be:

2 percent of the taxable
$800 plus 3 percent of the excess over $40,000
$2,600 plus 4 percent of the excess over $100,000
$6,600 plus 5 percent of the excess over $200,000
$11,600 plus 6 percent of the excess over $300,000
$23,600 plus 7 percent of the excess over $500,000